Extract Advisors LLC Sells 1,225,182 Shares of Denison Mine Corp $DNN

Extract Advisors LLC lowered its stake in shares of Denison Mine Corp (NYSEAMERICAN:DNN) (TSE:DML) by 71.0% in the first quarter, Holdings Channel reports. The institutional investor owned 500,000 shares of the basic materials company’s stock after selling 1,225,182 shares during the period. Denison Mine accounts for 0.6% of Extract Advisors LLC’s holdings, making the stock its 19th biggest position. Extract Advisors LLC’s holdings in Denison Mine were worth $1,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SummitTX Capital L.P. raised its position in shares of Denison Mine by 12.3% in the 1st quarter. SummitTX Capital L.P. now owns 1,052,858 shares of the basic materials company’s stock worth $3,717,000 after acquiring an additional 115,000 shares in the last quarter. Family Manage LLC boosted its position in Denison Mine by 63.5% during the first quarter. Family Manage LLC now owns 27,206 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 10,570 shares in the last quarter. Renaissance Technologies LLC grew its stake in Denison Mine by 275.0% in the first quarter. Renaissance Technologies LLC now owns 9,455,713 shares of the basic materials company’s stock valued at $33,379,000 after purchasing an additional 6,934,400 shares during the last quarter. Sei Investments Co. grew its stake in Denison Mine by 80.1% in the first quarter. Sei Investments Co. now owns 130,184 shares of the basic materials company’s stock valued at $460,000 after purchasing an additional 57,907 shares during the last quarter. Finally, Keynote Financial Services LLC raised its holdings in Denison Mine by 6.4% in the first quarter. Keynote Financial Services LLC now owns 334,060 shares of the basic materials company’s stock worth $1,179,000 after purchasing an additional 19,980 shares in the last quarter. Institutional investors own 36.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DNN. Zacks Research lowered shares of Denison Mine from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Royal Bank Of Canada assumed coverage on shares of Denison Mine in a research report on Monday, July 13th. They issued an “outperform” rating on the stock. Finally, Scotiabank reiterated an “outperform” rating on shares of Denison Mine in a research note on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.38.

Denison Mine Stock Performance

Shares of DNN opened at $2.92 on Tuesday. The company has a current ratio of 13.77, a quick ratio of 13.46 and a debt-to-equity ratio of 2.81. The firm has a market cap of $2.64 billion, a PE ratio of -12.70 and a beta of 1.21. Denison Mine Corp has a 12 month low of $1.86 and a 12 month high of $4.43. The stock has a fifty day moving average price of $3.17 and a 200-day moving average price of $3.55.

Denison Mine Profile

Denison Mines Corp. (NYSEAMERICAN:DNN) is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of Saskatchewan. The company’s core business is the discovery, evaluation and advancement of high-grade uranium projects that can supply fuel for the global nuclear power industry.

Denison’s flagship asset is the 66.9%-owned Wheeler River Project, one of the largest undeveloped high-grade uranium deposits in the Athabasca Basin. In addition to Wheeler River, Denison holds interests in several other exploration properties across northern Saskatchewan and maintains a strategic partnership in the McClean Lake uranium mill, providing it with downstream processing capabilities for future production.

Founded in 1974, Denison Mines has accumulated decades of geological expertise in one of the world’s most prolific uranium districts.